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Ask HN: Do payment processors discriminate on credit history?
Has anyone here ever been discriminated against by a payment processor regarding their absence of a credit history--possibly resulting in the denial of your use of their service?
- OstiaAntica 15y agoIt is "discrimination" as in "price discrimination" or "discriminating taste". Without a credit history, you are a riskier bet because your actual behavior with credit is unknown and unproven.
- breathesalt 15y agoI'm referring mostly to the use of services like paypal, not credit issuers or services further down the pipeline. Do you know why a merchant's credit history is even an issue? A merchant would be accepting payments, not making them. There are no actions here involving credit on the merchant's behalf or lending.
- breathesalt 15y agoFor future viewers, I asked around and it appears payment services in general do claim the power to run credit checks as a legal buffer/protection but aren't done in a compulsory manner.
- omarchowdhury 15y agoSome do. Some don't. All processors have different underwriting policies.